Birdwatch Note Rating
2023-03-11 17:05:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 797AB6BF97D28FC18F9BCA75A7785D70D6F73B3BA3BB4B75857DB0697A6CE3C5
Participant Details
Original Note:
Silicon Valley Bank collapsed due to excessive customer withdrawals, or a "run on the bank", due rising interest rates from The Fed and decreased risk tolerance from investors. No one besides Mr. Kirk, including the bank or regulators, are saying DEI efforts caused this. https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ https://www.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer
All Note Details